AirAsia X A330-200. Photo: Courtesy, Airbus.
Despite soaring fuel prices, the AirAsia Group posted a 46% year-over-year lift in first-quarter operating profit to MYR241.72 million ($79.4 million) on a 20% increase in revenue to MYR1.05 billion. However, its MYR171.93 million after-tax profit was down 23%, "largely due to lower unrealized foreign exchange gains in the quarter," the company stated.
CEO Tony Fernandes hailed the operating result as "excellent" and ...

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